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The Trump administration announced a deal Friday to develop a large share of Venezuela's oil reserves, with the US taking a majority stake. Energy experts have cautioned the deal is unlikely to meaningfully lower US gas prices despite administration claims touting the arrangement's economic benefits. Days later, the White House filled in additional details, revealing that as part of the deal the US is creating a private joint venture company with North American Blue Energy Partners, a firm owned by Venezuelan businessman Alejandro Betancourt. The disclosure sheds light on the corporate structure behind the deal even as skepticism persists over its promised impact on fuel costs.